Sold
201 S OCCIDENTAL Boulevard
Los Angeles CA, 90057
$5,750,000
$306.86 per sqft
Sold
28 Beds
28 Baths
18,738 sqft
Residential
Built in 1960
Listed by Adam Zunder with Iconic Investments 747-444-3300
201 S. Occidental Blvd., in the Koreatown neighborhood of Los Angeles, is a 24-unit multifamily building built in 1960. The property offers renters a high-demand mix of 20 one-bed/one-bath and 4 two-bed/two-bath units across 18,738 square feet of improvements on 14,923 square feet of land. The property is fully parked with 23 gated tuck-under spaces. Utilities are separately metered for electricity and gas. 201 S. Occidental Blvd. is an ideal investment opportunity for all renovation-oriented buyers. As the units turn, it will allow new ownership to immediately renovate, remodel and reposition the property to capture a higher-income tenant base and top-of-market rents. The property is on the border of Koreatown, Rampart Village and Silverlake, with the benefit of being close to all three. One street over on S. La Fayette Park Place, there are several large apartment buildings, institutionally-owned, that achieve higher market rents than our projections. This shows that tenants like this location due to its proximity to Koreatown, Hollywood, Silverlake, Echo Park, and Downtown Los Angeles. In Westlake, one of the oldest neighborhoods in Los Angeles, residents enjoy the neighborhood's green space at Lafayette Park and MacArthur Park and easy access to more recreational amenities just north in Griffith Park and nearby attractions including Dodger Stadium and Chinatown. Koreatown is booming with nightlife, eateries, shopping, and multiple metro locations. Quick access to the 101 gives easy access to all parts of the LA basin and Koreatown is ideal if you need to commute to Downtown LA, just three miles southeast.
22142541
MLSⓇ ID
April 1, 2022
Listed
March 23, 2024
Updated
Map
201 S OCCIDENTAL Boulevard
Los Angeles CA, 90057
Interior Features
Total Stories
2
Bedrooms
28 Beds
Bathrooms
28 Baths
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.34 Acres
Architectual Style
Tudor
Other Property Details
Area Name
C42 - Downtown L.A.
Days on Market
26
Garage
No
Parking
Gated
Parking Total
23
View
No
County
Los Angeles
Pool
No
Zoning
LAR4
Buyer Agency Compensation
2%
Listing Contact: 747-444-3300
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/23/2024 at 1:38 AM UTC